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The Robbins Corporation is an oil wholesaler. The firm's sales last year were $ 1 . 0 1 million , with the cost of goods

The Robbins Corporation is an oil wholesaler. The firm's sales last year were $
1
.
0
1
million, with the cost of goods sold equal to $
6
2
0
,
0
0
0
.
The firm paid interest of $
1
8
6
,
5
0
0
and its cash operating expenses were $
1
0
3
,
0
0
0
.
Also, the firm received $
4
2
,
0
0
0
in dividend income from a firm in which the firm owned
2
2
%
of the shares, while paying only $
1
3
,
0
0
0
in dividends to its stockholders. Depreciation expense was $
4
9
,
0
0
0
.
What are the firms average and marginal tax rates?

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